WeWork's Adam Neumann sued over $1.7bn package

WeWork's Adam Neumann sued over $1.7bn package
 

A WeWork shareholder has taken the company to court over the near-$1.7bn (£1.3bn) leaving package approved for ousted co-founder Adam Neumann.
Her lawsuit says the money granted to Mr Neumann is "beyond comprehension" and is "improper".
It accuses Mr Neumann and WeWork investor Softbank of abusing their control of the company to sign off on the deal at the expense of smaller shareholders.
WeWork called the claims "meritless".
The suit marks the latest controversy over Mr Neumann's relationship with the company. He stepped down as chief executive in September,... read more

 
8 November 2019 in Business, Views: 45
Source: BBC
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